New York Works: NYCEDC Announces $250,000 in Awards to Health Tech Companies and Pilot Partners for NYC Digital Health Marketplace
Newly Expanded Program Will Result in 1,100 Good-Paying Jobs Over Ten Years
New York City Economic Development Corporation (NYCEDC) and Health 2.0 today announced the seven winners of the Digital Health Marketplace, a program that connects health technology buyers with market-ready sellers through biannual matchmaking and by providing grants to offset the cost of piloting their technologies in healthcare institutions. The winning pilots are anticipated to impact over 6,000 patients in New York City throughout the next year, and the technologies span from care coordination platforms to patient engagement systems to devices.
The Digital Health Marketplace is part of Mayor de Blasio’s New York Works plan, which is made up of twenty-five initiatives to spur 100,000 jobs with good wages over the coming decade.
Digital Health Marketplace builds on a previous NYCEDC program launched in 2013 called Pilot Health Tech NYC. Over the life of the two programs, they have facilitated seven hundred matches between buyers and sellers and granted over $2.5 million in awards to health tech startups and their pilot partners. Building on this success, the City will invest $750,000 to support three years of expanded operations for the Marketplace. With these resources, the Marketplace can expand the number of matchmaking events to up to four per year, which will increase companies’ access to customers. The expansion will create approximately 1,100 good-paying jobs over ten years.
The City will also invest up to $5 million to support the Digital Health Breakthrough Lab initiative to offer digital health and health tech companies early testing opportunities in real world settings. The initiative will provide access to coworking space, meeting/event space, clinical space, and prototyping facilities, creating over six hundred good-paying jobs over ten years.
“We’re excited to provide funding to accelerate the growth of digital health innovation and the testing of health technologies to create good jobs for New Yorkers,” said New York City Economic Development Corporation President and CEO James Patchett. “Throughout the next year, we anticipate these seven pilots will be implemented in New York City to provide tremendous potential for impact on patients and the community at large.”
Below is a snapshot of the 2017 winners:
Canopy Innovations/Maimonides Medical Center
Canopy Connect is a mobile and web-based interpreter delivery and analytics platform. It improves the coordination, tracking, and funding of interpreter services at healthcare organizations, to elevate the quality of care for the Limited-English Proficient (LEP) patients. In the pilot, the Canopy Connect platform will be rolled out to Maimonides Medical Center providers in departments with a need for “on-the-fly” translation services.
CareGeneral offers a care coordination platform and web/mobile app that provides personalized care plans for patient adherence and education in up to five languages. In this pilot, CareGeneral and Northwell-Lenox Hill will target the Hispanic population (with a focus on diabetes management) to track patient engagement, patient adherence, utilization of hospital services and improved clinical outcomes/self-care behavior.
Klara is a cloud-based secure messaging tool for healthcare professionals used to assist with workflow, care coordination, and patient-centered care. The pilot with Betances focuses on patient communication via text messaging to triage care and increase patient satisfaction. The goal is to reduce the time per patient request and avoid unnecessary call-backs and voicemails.
PurpleSun offers a patented device that illuminates targeted spaces with UV light to disinfect hospital/healthcare equipment in ninety seconds. In piloting with Northwell, they aim to evaluate the implementation of the PurpleSun System between surgery cases, evaluate the quality of disinfection and assess the process/impact on operational turnover time between surgery cases.
Valeet/Mount Sinai Health System
Valeet is a patient engagement platform that empowers patients during inpatient stays and enables the patient to educate themselves about their care plan. The pilot with Mount Sinai targets hospitalized patients with spinal cord injuries who will use the platform to better understand their conditions and medications, providing an improved patient experience.
Vital Score/AdvantageCare Physicians (ACPNY)
Vital Score supports innovative health systems and health plans in a patient-driven approach to Population Health and Quality. In three-minute digital conversations during wait time in provider visits, their point of care platform increases up to twenty times the rates of participation in services such as pediatric vaccines, diabetes prevention, smoking cessation and palliative care. The pilot with AdvantageCare Physicians (ACPNY) will build out a new model of patient-driven HEDIS to improve patient care and increase rates of immunization and medication adherence.
Wellth/Mount Sinai Health System
Wellth is a mobile based platform that helps patients change their behaviors to achieve better adherence, engagement, and overall health. In the pilot, the Wellth solution will be implemented with Acute Myocardial Infarction (AMI) and heart failure patients to increase medication adherence, decrease readmissions and reduce costs per patient at Mount Sinai.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC projects and initiatives.
About Health 2.0
Health 2.0 is a healthcare technology conference, media and innovation consulting company, which manages one of the broadest and most diverse health care innovation networks in the U.S. today. Health 2.0's Developer Challenge is a platform supporting a series of innovation competitions in which developers, designers, and entrepreneurs can work together with sponsoring organizations to tackle important health system problems. Health 2.0 is working with NYCEDC to manage the Digital Health Marketplace program to support healthcare innovation in New York City.